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| subject: | Market Action |
Well, my Timing Signal fell just below the line enough to register a reversal, but since I didn't believe the Buy signal that's a non-event to me. When the Market gets flat like this with very low volatility it does tend to whipsaw above and below the line slightly. The mini-chart says it all. Key now seem to be the very low Volatility, i.e. Prices just aren't changing much, and falling Volume, i.e. lack of enthusiasm. War seems to be inevitable, so who want's to buy now? Got any risky positions? Price Vola- Momen- Volume Oscil- Summ. Change tility tum lator Index -__+ -__+ -__+ -__+ -__+ -__+ _ 12/07 _ 12/09 __ 12/10 __<_ _<__ __|_ _<__ __|_ ___| 12/11 _<__ <___ _|__ _<__ __|_ ___| 12/12 Timing Signals: I don't use or recommend timing signals, but they're fun to watch. If I did though, well, I might use something like this. (Be warned!! It tends to whipsaw around signal points!) Last Signal: SELL Date: 12/12/02 S&P: 902 Winner or Loser: Loser By: -3 See my market tracking charts for '00-'01 and my investment strategy study at my websites: http://www.xprt.net/~pgrogers/Pers.html http://www.angelfire.com/or/paulrogers/Pers.html http://www.geocities.com/paulgrogers/Pers.html ... Custer had it coming ___ MultiMail/MS-DOS v0.35 ---* Origin: The Bare Bones BBS (1:105/360) SEEN-BY: 633/267 270 @PATH: 105/360 106/2000 1 379/1 633/267 |
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